JAKARTA (TheInsiderStories) -French multinational electric utility company ENGIE and developer of private micro networks Electric Vine Industries (EVI) collaborated on a US$240 million project to provide energy in Papua Island, said the company in a press statement.
This partnership will provide energy to 3,000 villages over a 20-years period. ENGIE and EVI will build, operate and manage smart micro photovoltaic networks for approximately 2.5 million people in Papua.
Didier Holleaux, Executive Vice President of ENGIE Group state, this project is very appropriate with the strategy and vision of ENGIE Group.
“We want to be a pioneer in the new energy world through effort joint innovation and partnership, designing and developing new energy models that have been carbonized, digitalized, and decentralized to improve the quality of people’s lives and support growth opportunities for businesses and surrounding communities,” He said.
While Bryse Gaboury, Co-Founder and CEO of Electric
Vine Industries stated, this partnership is a huge step for EVI, especially regarding our efforts within providing electricity to remote areas of Indonesia.
Currently EVI has operated a pilot micro network since March 2015 in Papua and succeeded providing electricity for 24 hours per day for 7 days a week to 250 local people.
At present, Papua has the lowest electrification ratio when compared to other provinces in Indonesia. ENGIE has started construction of a high-temperature geothermal plant in Muara Laboh and this is the first ENGIE Group renewable project in Indonesia and also the first in the world.
On April 6, ENGIE has signed three micro network partnership agreements and renewable energy development in Indonesia during President François Hollande’s visit.
ENGIE signed three partnership agreements to jointly fund, build, operate and manage micro networks and other renewable energy projects in various regions of Indonesia, with a total investment value of $1.25 billion over the next five years.
While, ENGIE with Sugar Group will invest up to $1 billion over the next five years to develop renewable energy projects in Sumatra and eastern Indonesia. The company also joint with PT Arya Watala Capital will invest $15 million to develop solar power plant in East Nusa Tenggara.
ENGIE employs 153,090 people worldwide and has revenue
Of €66.6 billion in 2016. Otherwise EVI is a private micro-network developer that provides energy access sustainable and provide an opportunity to generate income to households that are not equipped with electricity throughout Southeast Asia.